Outcome of Board Meeting for Audited Financial Results for the quarter and year ended on March 31, 2026
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Datiware Maritime Infra Ltd reported a net loss of Rs 45.60 lakhs for FY2026, unchanged from the previous year's loss of Rs 45.58 lakhs. Total income declined to Rs 40.33 lakhs from Rs 43.73 lakhs in the prior year, representing an 8% revenue decline. The company has a negative net worth of Rs 281.26 lakhs and total liabilities of Rs 956.82 lakhs against assets of Rs 675.56 lakhs, indicating severe financial distress. Borrowings stand at Rs 890.75 lakhs. The statutory auditors issued a qualified opinion due to the accounting software's audit trail (edit log) feature not being enabled during the financial year—the second consecutive year of this qualification. The company operates in two segments: Fishery and Shipyard.
The company's negative net worth and consistent losses raise serious concerns about its ability to continue as a going concern. Shareholders should be cautious as the stock carries high financial risk with no dividends expected and significant debt obligations.